GUJ gujarat nre resources nl

Aside from news and a great story, sentiment is a major factor...

  1. SP3
    18,710 Posts.
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    Aside from news and a great story, sentiment is a major factor behind price spikes. Over the past week, we have definitely seen sentiment return to GUJ in a big way. Not only has the price gone up 25% on higher than average volume, but the ratio of buyers has outnumbered the sellers, particularly with the options.

    GUJ reminds me of UMC particularly in the way its share price has behaved. Over a period of several weeks, UMC's share price went from 30c to over $1. I can see some synergies between the 2 stocks from a fundamental point of view as well.
 
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Currently unlisted public company.

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